OIL-DRI CORP OF AMERICA (ODC) Stock Technical Analysis
USA - NYSE:ODC - US6778641000 - Common Stock
59.09 USD
-0.51 (-0.86%)
59.09 USD
0 (0%)
Overall ODC gets a technical rating of 6 out of 10. ODC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ODC has a been trading in the 59.02 - 68.74 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ODC did better than 88% of all other stocks. On top of that, ODC also shows a nice and consistent pattern of rising prices.
ODC is one of the better performing stocks in the Household Products industry, it outperforms 90% of 12 stocks in the same industry.
ODC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ODC is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, ODC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 56.09, a Stop Loss order could be placed below this zone.
More info and screens
40.69
66.21
When analyzing the support we can see 3 important areas.
- Support @56.09 from a horizontal line in the daily time frame.
- Support @48.93 from a trend line in the weekly time frame.
- Support @41.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 60.68 to 61.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.80 from a trend line in the daily time frame.
- A resistance zone ranging from 64.83 to 65.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ODC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ODC is down. |
| ChartMill Relative Strength | 88.16 | POSITIVE | ODC has a high relative strength, it outperformed 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ODC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.71 | NEUTRAL | The RSI value for ODC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests ODC has a negative trend. |
| Stochastics (14,3) | 5.55 | OVERSOLD | The low Stochastics value suggests ODC may be oversold. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ODC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for ODC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 61.67 | 59.01 | 2.66 (4.31%) | 23.18% |
| An entry @61.67. This is a Buy Stop order right above the resistance zone. | An exit @59.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.66 points, which is 4.31%. | When investing 23.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ODC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.09
-0.51 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryHousehold Products
Performance
% Chg-0.86%
1 Week-1.34%
2 Weeks-2.41%
1 Month-14.25%
3 Month-3.87%
6 Month36.18%
12 Month70.04%
2 Year106.32%
3 Year300.2%
5 Year245.96%
10 Year276.61%
15 Year437.43%
Volatility
ATR(14)2.14
ATR(20)%3.52%
ATR Inc-38.28%
Range Today1.13
ADR(20)1.94
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.16
Mansfield1.01
10 Day High66.41
10 Day Low59.02
20 Day High68.74
20 Day Low59.02
52 Week High69.76
52 Week Low33.46
CS1 End56.09
CR1 Start60.68
Volume & EV
DER(3)-4.22%
DER(5)-2.05%
Volume61.30K
Volume Incr45.9%
Vol(5)82.56K
Vol(50)67.52K